Title VII, CITIES, TOWNS AND VILLAGES

100.050. Approval of plan by governing body of municipality — information required — additional information required, when — payments in lieu of taxes, applied how — reimbursement, when. — 1. Any municipality proposing to carry out a project for industrial development shall first…

100.059. Notice of proposed project for industrial development, when, contents — limitation on indebtedness, inclusions — applicability, limitation. — 1. The governing body of any municipality proposing a project for industrial development which involves issuance of revenue bonds…

100.090. General obligation bonds authorized. — Any municipality may issue its general obligation bonds in an amount not in excess of ten percent of the assessed valuation of the taxable tangible property in the municipality to provide funds for the carrying out of a project unde…

100.100. Revenue bonds authorized, how paid. — Any municipality may issue revenue bonds to provide funds for the carrying out of a project under sections 100.010 to 100.200. The revenue bonds shall be paid solely from revenue received from the project, and shall not be a general …

100.105. Municipality to file annual report on bond issuances with department, content. — No later than January thirty-first of each year, the municipality shall file a report with the department of economic development on the previous year's revenue bond issuances and general ob…

100.120. Time for election — subsequent elections. — The question of issuing general obligation bonds under a plan to finance a project which has been approved by the governing body of the municipality shall be submitted within one year from the date of approval by the governing …

100.130. Municipality to fix terms and form of revenue bonds. — The municipality shall, by ordinance, provide the form of the revenue bonds to be issued hereunder and shall set out the terms under which such bonds shall be issued, including the rate of interest which they shall b…

100.140. Sinking fund for revenue bonds. — At or before the issuance of the revenue bonds the governing body shall, by ordinance, create a sinking fund for the payment of the bonds and the interest thereon, and shall set aside and pledge a sufficient amount of the revenues of the…

100.150. Revenue bonds payable from revenues only — statement on bond. — Revenue bonds issued under sections 100.010 to 100.200 shall not be payable from or charged upon any funds, other than the revenue pledged to the payment thereof, nor shall the municipality issuing the bonds…

100.155. Revenue bonds, municipalities, refunding issue authorized — form and terms. — 1. Any municipality which has revenue bonds issued pursuant to the provisions of sections 100.010 to 100.200 may issue refunding revenue bonds to provide funds to refund any or all of such reve…

100.160. Municipality to carry out plan on receipt of funds. — When funds have been received by the municipality for the carrying out of the project, the municipality shall purchase, construct, extend or improve the facilities as provided by the plan. ­­-------- (L. 1961 p. 189 §…

100.170. Construction to be under contract — how let, notice. — Whenever the approved plan for the project calls for the construction, improvement or extension of facilities, the municipality shall enter into a contract for the purpose. All contracts shall be let on competitive b…

100.180. Municipality's power to enter into loans, sales, leases or mortgages — terms — requirements. — The municipality shall have the authority to enter into loan agreements, sell, lease, or mortgage to private persons, partnerships or corporations the facilities purchased, con…

100.190. Property acquired may be sold. — Any municipality may sell or otherwise dispose of the property, or buildings or plants acquired with the proceeds from the sale of general obligation bonds issued under sections 100.010 to 100.200, to private persons or corporations for w…

100.200. Sales of industrial development property acquired with revenue bonds. — Any municipality may sell or otherwise dispose of the property or buildings or plants, acquired with the proceeds from the sale of revenue bonds issued under sections 100.100 to 100.190, to private p…

100.240. Citation of law — athletic and entertainment facility project, funding of — definitions — application procedure — limit on annual expenditure — tax credit, amount — bonds, issuance of — legal fees. — 1. This section shall be known and may be cited as the "Show-Me Sports …

100.250. Title of act. — Sections 100.250 to 100.297 shall be known and may be cited as the "Missouri Development Finance Board Act". ­­-------- (L. 1982 S.B. 681, A.L. 1985 H.B. 416, A.L. 1989 H.B. 378, A.L. 1994 H.B. 1248 & 1048)

100.255. Definitions. — As used in sections 100.250 to 100.297, the following terms mean: (1) "Board", the Missouri development finance board created by section 100.265; (2) "Borrower", any person, partnership, public or private corporation, association, development agency or any…

100.260. Funds established — administration, investment — no transfer to general revenue, when — increase of certain revenue calculated and allocated to Jobs Now fund. — 1. There are hereby created four special funds, to be known as the "Industrial Development and Reserve Fund", …

100.263. Infrastructure development fund, created, purpose — lapse into general revenue, prohibited. — An "Infrastructure Development Fund" shall be established from which moneys shall be used to make low-interest or interest-free loans, loan guarantees, or grants to local politi…

100.265. Missouri development finance board created — members, qualifications, appointment, terms — meetings — quorum — expenses. — 1. There is hereby created within the department of economic development the "Missouri Development Finance Board", which shall constitute a body cor…

100.270. Board's powers and duties — rules, authority to promulgate. — The board shall have the power to: (1) Sue and be sued in its official name; (2) Adopt and use an official seal; (3) Confer with agencies of the state and development agencies, and with representatives of busi…

100.273. Development finance board employees are state employees eligible for state retirement — not eligible for state health insurance plan unless requested by board — no purchase of creditable service, exception. — 1. Any person employed by the Missouri development finance boa…

100.275. Bonds and notes issued — approved as investment, who may invest — tax exemptions, exceptions — power to contract with development agency. — 1. The board may at any time issue revenue bonds for the purpose of paying any part of the cost of any project or projects, or part…

100.277. Employment and business opportunities required to be provided, to whom. — Funds expended for projects authorized in sections 100.255 to 100.293 shall provide appropriate employment and business opportunities for participation by minority, women, and disadvantaged busines…

100.281. Project plan, approval procedure — board to review and grant loan, when — borrowing power — sale of bonds. — 1. A request for a loan from the development and reserve fund, the infrastructure development fund, the export finance fund, or the jobs now fund to fund export t…

100.282. Limitations on approval of loans. — The Missouri development finance board, the Missouri health and educational* facilities authority, the Missouri higher education loan authority, the Missouri housing development commission, and the environmental improvement and energy …

100.286. Loans secured by certain funds — standards — information required — review and certification by participating lender — board approval — fee, tax credit, limitation. — 1. Within the discretion of the board, the development and reserve fund, the infrastructure development …

100.287. Default procedure — subrogation to rights of lender upon payment from fund, amount. — 1. The development and reserve fund shall be used to prevent a default in payment of principal or interest or to defray losses which may be incurred in connection with bonds, notes or l…

100.291. Guarantees issued by board, when — application, fee — information required. — 1. The board may issue guarantees using moneys in the guarantee fund for bonds or notes issued by the board or by development agencies when the board makes the following findings: (1) That the …

100.292. Guarantee agreement provisions. — 1. Guarantee agreements for bonds or notes entered into by the board pursuant to the provisions of sections 100.250 to 100.297 shall provide that: (1) The board guarantees, and is hereby required, to use the moneys in the guarantee fund …

100.293. Citation — jobs now recommendation committee created, membership, duties — applications — preference given to certain projects — requests granted, determinations required. — 1. This section, section 100.277, and sections 135.950 to 135.973 shall be known and may be cited…

100.296. Application of provisions of other sections — state and local records laws — meetings of governmental bodies — conflict of interest or lobbying — prohibited loans — notifications of certain campaign contributions. — 1. Except as provided in section 620.014, sections 100.…

100.297. Tax credit for owner of revenue bonds or notes, purpose, when, amount, limitation. — 1. The board may authorize a tax credit, as described in this section, to the owner of any revenue bonds or notes issued by the board pursuant to the provisions of sections 100.250 to 10…

100.300. Short title. — Sections of this law shall be known and may be cited as "The Planned Industrial Expansion Law". ­­-------- (L. 1967 p. 172 § 1) (1975) Held constitutional as not being special legislation because of limit as to cities over 400,000. State ex rel. Atkinson v…

100.310. Definitions. — As used in this law, the following words and terms mean: (1) "Authority", a public body corporate and politic created by or pursuant to sections of this law or any other public body exercising the powers, rights and duties of such an authority; (2) "Blight…

100.320. Planned industrial expansion authority created, powers exercised, when. — There is hereby created in each city, as herein defined, a public body corporate and politic to be known as "The Planned Industrial Expansion Authority" of the city; provided, however: (1) That suc…

100.330. Commissioners, number reduced, appointment, term, vacancies. — Subsequent to August 13, 1980, the number of commissioners shall be fifteen. Provided, however, by the process of attrition the number of commissioners shall be reduced from twenty-five to fifteen by the expi…

100.331. Commissioners, number reduced, appointment, terms, qualifications, vacancies — consolidation plan authorized (St. Louis City). — 1. Notwithstanding the provisions of section 100.330 or any other provision of law to the contrary, beginning August 28, 2000, the number of c…

100.340. Commission, quorum, officers, legal services, how obtained. — 1. The powers hereunder vested in each authority shall be exercised by the board of commissioners thereof. A majority of the commissioners shall constitute a quorum of such board for the purpose of conducting …

100.350. Commissioner, expenses — certificate of appointment. — A commissioner of an authority shall receive no compensation for his services, but shall be entitled to the necessary expenses, including traveling expenses, incurred in the discharge of his duties. Each commissioner…

100.360. Commissioner, removal for cause, hearing. — For inefficiency or neglect of duty or misconduct in office, a commissioner of an authority may be removed by the mayor, but a commissioner shall be removed only after a hearing and after he shall have been given a copy of the …

100.370. Commissioners or employees of authority, voluntary interest in project prohibited — disclosure of involuntary interest required and participation in action of authority forbidden — violation is misconduct, office forfeited. — 1. No commissioner or employee of an authorit…

100.380. Adoption of resolution or ordinance, effect of — certified copy admissible as evidence. — 1. In any suit, action or proceeding involving the validity or enforcement of or relating to any contract of an authority or other public body, such authority or other public body s…

100.390. Authority to be a body corporate and politic, powers and duties of authority. — An authority shall constitute a public body corporate and politic, exercising public and essential governmental functions and having all the powers necessary or convenient to carry out and ef…

100.400. Preparation and approval of plans, regulations governing. — 1. Preparation and approval of plans shall be carried out within the following regulations: (1) An authority shall not acquire real property for a project unless the governing body of the city has approved the p…